Outsourcing Industry Generated 3.6% of Bulgaria's GDP in 2016

Outsourcing Industry Generated 3.6% of Bulgaria's GDP in 2016

In 2016 the outsourcing industry generated 1.5 billion euro, 3.6% of Bulgaria's GDP. Expectations are that by 2020 revenues will reach 2.5 billion euro, 4.2% of GDP, representatives of the Sofia Municipal Privatization and Investment Agency (SMPIA) and the Bulgarian Outsourcing Association (BOA) told a BTA-hosted news conference Tuesday.
The industry was one of the largest taxpayers in Bulgaria in 2016 and accounted for 1.5% of all taxes paid in 2016. Companies spent an average of 0.9% of their operating revenues on taxes, said Plamen Tsekov, member of BOA's Board of Directors. The outsourcing industry generated 6.5% of total payroll expenses and accounted for 5% of all social security contributions paid in 2016. These figures are expected to double in the next four years.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.